43021920
HIDES OR SKINS OF OTHER BOVINE AND EQUINE ANIMALS WITH HAIR ON, TANNED OR DRESSED
Tax Calculator for 43021920
E-Way Bill Rules
For hides or skins of other bovine and equine animals with hair on, tanned or dressed, the E-Way Bill threshold is ₹50,000. Since the rate is 18%, you must generate a bill if the Taxable Value exceeds ₹42,372.
Example Calculation
- Base Value: ₹42,372
- + GST (18%): ₹7,626.96
- Total Invoice: ~₹50,000
Invoice Example
Breakdown for a sample invoice value of ₹1,000:
Can I claim ITC?
Yes, if used for business. This reduces your final cash liability.
Input Tax Credit (ITC) Logic
Compliance & Validation
HSN 43021920 falls under Chapter 43. It is mandatory to mention this code on invoices if your annual turnover exceeds ₹5 Crore. For turnover below ₹5 Crore, mentioning the 4-digit code (4302) is sufficient for B2B invoices.
Ensure that you charge 9% CGST and 9% SGST for intra-state supplies of hides or skins of other bovine and equine animals with hair on, tanned or dressed. For inter-state supplies, the full 18% IGST applies.
Frequently Asked Questions
Q: What is the GST Rate for HSN Code 43021920?
The GST rate for HSN Code 43021920 (HIDES OR SKINS OF OTHER BOVINE AND EQUINE ANIMALS WITH HAIR ON, TANNED OR DRESSED) is 18%.
Q: Is HSN 43021920 eligible for Input Tax Credit (ITC)?
ITC availability is classified as 'eligible'. Generally, businesses can claim ITC unless used for personal consumption or blocked under Section 17(5).
Q: How to calculate GST amount for HIDES OR SKINS OF OTHER BOVINE AND EQUINE ANIMALS WITH HAIR ON, TANNED OR DRESSED?
Multiply the taxable value by 0.18. For ₹1000 value, GST is ₹180.
Q: Does Reverse Charge (RCM) apply?
No, standard Forward Charge applies.